How to get life insurance for children with cancer

Cancer is terrifying! There is no question about it: hearing that your child is diagnosed with cancer is one of the worst things that a parent can go through. If you and your family are faced with this horrific diagnose, please reach out to us. At One Stop Life Insurance, we are strong believers in providing families with options and helping them through tough times. It is possible to find life insurance for children with cancer.

Please take the next 3-4 minutes to familiarize yourself with everything there is to know when it comes to securing life insurance for children with this horrific disease.

In this post, we will go over the questions the companies will ask for. We will also touch on your options and provide you sample pricing. By educating yourself, you are more prepared for what’s ahead of you.

If there is a particular question that we are not covering, or you would like us to provide you with a personalized quote, please send us a message, call us or leave a comment below. We will take the time to listen and give you answers. 

We would not bombard you with the number of children diagnosed with cancer every single year or other statistics. However, if you would like, you can find this information and other valuable parents’ guides here. But please, read why getting life insurance on your children, healthy or not, makes sense.

Life Insurance caution sign

This information pertains to children under the age of 18. If you are looking for options and your child is over 18 years old, let us know. The available policies and carrier’s guidelines are completely different.

What will we cover:

When considering your options for life insurance for children with cancer, the main thing is whether your child is in remission or still battling the disease.

  1. Your child is in remission
  2. Still battling the disease

Life insurance options if your child is in remission:

If your little one has been cancer-free for a number of years, we would be able to submit an application. This means that you would need to fill out the paperwork and allow access to your child’s complete medical records. The company will review the information and will approve or deny the application.

Please keep in mind that there is a specific time frame the life insurance companies are looking for when issuing a policy for a cancer-free applicant. You can always reach out to us and we will provide you with the current waiting periods to apply for coverage.

Image of a child

What information will companies require when underwriting the application:

When submitting the application, the companies will ask you a series of health questions during the application process.

There is standard information underwriters are looking for when reviewing an application for life insurance for children with cancer.

  • The first thing they would need to know is the location of cancer and the exact type
  • What was the grade of the cancer
  • What stage was it
  • Dates of diagnosis and last treatment
  • How was cancer treated and what were the medications prescribed.
  • Doctor’s name and contact information

Another thing to remember is that sending a pathology report can make the application process easier and more accurate.

Please keep in mind that this is the basic information companies will need. There might be additional things they will require, such as medical records, last test results and etc. It is always helpful to provide all of the data ahead of time. This speed up the underwriting process and can get the policy issued faster

The information above applies if the young patient is considered in remission and has been cancer-free for a period of time. Unfortunately, this is not always the case. Typically, companies will deny an application for an individual who is currently undergoing treatment for cancer.

Pros, cons, sample prices:

The biggest benefit of this option is the fact that your child will be insured regardless of his or her health in the future.

For example,

Your son was diagnosed with Leukemia when he was 5. He underwent a series of treatments and was declared cancer-free for nearly 20 years. He is now 25, married with children. Unfortunately, he develops complications. He won’t have to worry about qualifying for a policy because you already purchased one for him and his family.

Another benefit of this option is the ability to “lock” the premiums. In other words, even if your son or daughter is in their 40s, he or she will pay the monthly premium for a child.


For example,

A $100,000 permanent policy for a 2-year-old would cost about $280 PER YEAR!! Whereas, a $100,000 permanent policy for a 32-year-old a preferred non-tobacco male would cost close to $700 per year. This is a 250% increase that they will have for the rest of their lives. Not to mention that this rate is for a healthy individual who doesn’t smoke. If we simply add cigarettes or nicotine use to the equation or any health condition, the savings are even more astonishing.

Negative of this option:

The biggest drawback of this option is that not everyone could qualify.

Still battling the disease

Now let’s turn our attention to the second option of securing life insurance for children with cancer.

The second available option is to purchase an individual policy on yourself and add child rider.

A rider is a feature to a life insurance policy, designed to add an additional benefit.

What makes this option so valuable is that there are companies offering a child rider without underwriting. In other words, there will be no health questions and every one of your children will be covered. This may be the only option for many families looking to secure a policy on their child.

Another benefit is that when your child reaches a certain age, he or she may be able to convert the rider to an individual policy.

You can review our full comparison of the options of securing life insurance for children, where we list all of the pros and cons of each option with more details.

Negative of this option:

We would need to mention that this option also has some negatives. The biggest one is that offers a limited amount of coverage. Typically a child could be covered for up $10-$20,000. Also, a child rider can only be added to a new application.


For example, typically a child rider costs about $5 per year per $1000 in coverage. If you would like to add $10,000 in coverage, you are looking at $5×10 or $50 per year in total cost. This is the total cost, regardless of the number of children you have in your household.

Thank you for reading the article. What we would like you to take on the subject is that getting life insurance for children with cancer is possible. You have options. Please do not hesitate to reach out to us for a personalized, no-obligation quote.